Answer:
The correct answer is "The output of the monopolist will be smaller and the price higher".
Step-by-step explanation:
- Along with every other company, an unregulated monopolist tries to determine the optimal number of price/production which might maximize its income.
- To do the same, demand must be increased so that marginal income, or increased income from either the selling of one individual bonus, is equivalent to its marginal costs, or perhaps the increased expense through one increased selling.